CONNECT WITH US
Tech

Tech

Apple posts all-time revenue record in India as global sales rise 12% to $114.5 billion

CNBCTV18 - Tech logo

Published on

Add as a preferred source on Google
Apple posts all-time revenue record in India as global sales rise 12% to $114.5 billion

Apple set an all-time revenue record in India, chief executive John Ternus said on the company’s earnings call, the first since he took over on 1 September. He said India also had a record September quarter for iPhone upgraders.

He added that Apple recently launched Apple Pay in India with Axis Bank, and that the service is now available in more than 90 markets.

Chief financial officer Kevan Parekh said India had a record year for iPhone upgraders and that the iPhone was among its top-selling models, citing a Worldpanel survey.

He said Apple set all-time Mac revenue records in markets such as India, and all-time Services revenue records in emerging markets including India.

Apple’s revenue for the quarter ended 26 September rose 12% year on year to $114.5 billion, above the $113.5 billion Wall Street estimate compiled by Bloomberg.

Net income was $30.7 billion, or $2.10 a share, against $27.47 billion, or $1.85 a share, a year earlier. The earnings included a 5-cent-a-share benefit from tariff refunds, which also added about one percentage point to the 47.9% gross margin.

iPhone revenue rose 17% to $57.6 billion despite supply constraints and currency headwinds. Mac revenue climbed 24% to $10.8 billion, and Services revenue rose 9.8% to $31.6 billion, in line with estimates.

For fiscal 2026, Apple reported all-time record revenue of $479 billion and double-digit EPS growth. “Apple delivered September quarter records for net income and EPS,” Parekh said.

He said Apple generated $28 billion in operating cash flow during the quarter and returned $28 billion to shareholders.


Source link
Related Topics:Tech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.